Principal Compliance Specialist - Mortgage Lending
Are you passionate about ensuring regulatory compliance in the ever-evolving world of mortgage lending? Do you have a strong background in compliance and a deep understanding of the mortgage industry? If so, Discover Financial Services has an exciting opportunity for you as a Principal Compliance Specialist - Mortgage Lending. As the leader in compliance for our mortgage business, you will play a crucial role in keeping our company compliant with all federal and state regulations. Join our dynamic team and make a significant impact on our organization while utilizing your expertise and skills.
- Develop and implement comprehensive compliance policies and procedures for Discover's mortgage lending business, ensuring adherence to all federal and state regulations.
- Monitor and assess compliance risks within the mortgage lending business and provide guidance to senior management on potential areas of concern.
- Stay up-to-date on all regulatory changes and industry trends in mortgage lending to ensure Discover's compliance program remains current and effective.
- Conduct regular audits and reviews of internal processes to identify any potential compliance issues and recommend corrective actions.
- Collaborate with business units to provide compliance support and guidance, including conducting training and awareness programs.
- Serve as the primary point of contact for all regulatory agencies and internal stakeholders regarding mortgage compliance matters.
- Lead and manage a team of compliance specialists to effectively execute compliance initiatives and ensure timely resolution of any issues.
- Develop and maintain strong relationships with key stakeholders, including legal, risk management, and internal audit teams.
- Provide guidance and support to the mortgage lending business on compliance-related matters, including new product development, marketing materials, and customer inquiries.
- Prepare and present compliance reports to senior management and regulatory agencies, highlighting any areas of concern and outlining plans for remediation.
Extensive Knowledge Of Mortgage Lending Regulations: The Ideal Candidate Should Possess A Thorough Understanding Of Federal And State Regulations Related To Mortgage Lending, Such As The Truth In Lending Act And The Real Estate Settlement Procedures Act.
Strong Analytical Skills: The Principal Compliance Specialist Must Have Excellent Analytical Skills To Review And Interpret Complex Regulatory Requirements And Assess Their Impact On Discover's Mortgage Lending Operations.
Experience In Compliance Management: A Minimum Of 5 Years Of Experience In A Compliance Role, Preferably In Mortgage Lending, Is Required For This Position.
Excellent Communication And Interpersonal Skills: The Principal Compliance Specialist Will Be Responsible For Communicating Regulatory Changes And Compliance Requirements To Various Stakeholders Within The Company, As Well As External Parties. Strong Communication And Interpersonal Skills Are Essential For This Role.
Attention To Detail And Ability To Multitask: The Candidate Should Have A Keen Eye For Detail And The Ability To Manage Multiple Tasks Simultaneously In A Fast-Paced Environment, Ensuring That All Compliance Requirements Are Met In A Timely And Accurate Manner.
Risk Management
Quality Assurance
Process Improvement
Project Management
Vendor Management
Data Analysis
Policy Development
Compliance monitoring
Legal
Regulatory Knowledge
Audit Preparation
Training And Education
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
creativity
flexibility
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Principal Compliance Specialist - Mortgage Lending in Riverwoods, IL 60015, USA is $102,000 - $136,000 per year. This range may vary depending on the specific company and level of experience.
Apply with Video Cover Letter Add a warm greeting to your application and stand out!
Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
Get interviewed today!
JobzMall is the world‘ s largest video talent marketplace.It‘s ultrafast, fun, and human.
Get Started